Kellogg Co. stock trades under the ticker K & has shown recent bullishness that traders & investors should take a closer look into.
K stock closed at $64.59/share on 2/15/2022.
Kellogg Co. K Stock’s Technicals Broken Down
K Stock Price: $64.59
10 Day Moving Average: $63.03
50 Day Moving Average: $64.38
200 Day Moving Average: $63.30
RSI: 53.4
MACD: -0.363
Yesterday, K stock completed a bullish MACD crossover, while breaking out above its 50 Day Moving Average.
With a neutral RSI & its 10 day MA set to bullishly cross the 200 day MA, there looks to be more momentum on the horizon for K stock.
Their next test level is $65.98/share.
Kellogg Co. K Stock As A Long-Term Investment
Investors focused on long-term returns will find Kellogg stock to have many interesting characteristics.
Their P/E (ttm) looks fair at 14.95, although their P/B (mrq) is a bit rich at 5.95.
K stock’s Quarterly Revenue Growth Y-o-Y is -1.2%, with 111.2% Quarterly Earnings Growth Y-o-Y.
K stock’s balance sheet warrants a closer examination, with $286M in Total Cash (mrq) & $7.73B in Total Debt (mrq).
Their dividend yield is 3.57%, which appears safe for now with a payout ratio of 53%.
85.2% of K stock’s total share float is held by institutional investors.
Kellogg Co. K Stock As A Short-Term Trade Using Options
Kellogg stock has options that traders can use to take advantage of price movements in both directions in the near-term.
I am looking at the contracts with the 3/18 expiration date.
The $62.50 & $65 call options look appealing, as both have decent liquidity.
The $70 & $72.50 puts also look appealing, although they are less liquid, with lower open interest.
Tying It All Together
Overall, K stock has many appealing attributes that traders & investors will like.
Their valuation metrics are fair, and they also offer a nice dividend that investors will be fond of.
Traders will like their options’ open interest levels, as well as their current momentum path.
K stock is worth taking a closer look at, regardless of your portfolio structure.
*** I DO NOT OWN SHARES OF K STOCK ***